Downing Street Says » Autumn statement

» Monday, November 21, 2011

Autumn statement

Asked if it was still the Government’s intention to pay off the structural deficit by 2014/15, the PMS said the fiscal mandate was unchanged and there would be an update in the autumn statement.

Asked further questions on the fiscal mandate, the PMS said there was a rolling 5-year mandate for the deficit and an update would be provided in the autumn statement.

Asked about a possible announcement on credit easing, the PMS said lots of markets were suffering from the credit crunch. We needed to unblock those markets if we wanted to get credit flowing and businesses to invest. He said the Chancellor would provide details on a new credit easing scheme next week.

Asked if the Prime Minister was ruling out changes to taxation in the autumn statement, the PMS said taxation was a matter for the Chancellor.

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